An American Speedtrap

Article Abstract:

Economic growth in the United States has been too fast. The stop-go theory calls for the present United States go to come to a stop with inflation and unemployment. Rising interest rates and government borrowing practices are pushing the economy away from needed investment and into consumption. The government's aim is to keep the recovery on course and interest rates down. To achieve this, public borrowing must be curtailed as the private sector expands.

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Gloved Knuckles

Article Abstract:

The Confederation of British Industry held its annual conference in Glasgow. British Industry made clear its desires for lower interest rates, lower taxes, abolition of the national insurance surcharge, and lower government spending. The latter excludes spending on capital projects. Foreign competition is still ahead of British industry, showing foreign import gains. Exports of British manufactured goods have also fallen.

United Kingdom, Industrial districts, International competition (Commerce), International competition (Economics)

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Booming -- For Now

Article Abstract:

A survey of economic indicators shows the rapid growth in the American economy during the past several months. The Federal Reserve may push interest rates higher as a means of regulating the growing demand for credit. President Reagan and Congress have failed to agree on a plan to cut the budget deficit.

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